Choi Acting Chief Meets with Ambassador for International Investment and Financial Cooperation: "Need to Strengthen Economic Diplomacy"

Acting President and Deputy Prime Minister Choi Sang-mok, who is also the Minister of Economy and Finance, met with Ambassador for International Investment Cooperation Choi Jung-kyung (left) and Ambassador for International Financial Cooperation Choi Jong-gu (right) at the Government Seoul Office in Jongno-gu, Seoul, on the 10th, and took a commemorative photo. (Source: Ministry of Economy and Finance)

Choi Sang-mok, Acting President and Deputy Prime Minister as well as Minister of Strategy and Finance, met with Choi Joong-kyung, Ambassador for International Investment Cooperation, and Choi Jong-gu, Ambassador for International Financial Cooperation, on the 10th and emphasized the need to strengthen economic diplomacy activities to maintain South Korea's external credibility.

Acting President Choi said during the meeting with the two ambassadors at the Government Seoul Office, "Due to the inauguration of the Trump administration in the United States this year and the domestic political situation, uncertainties surrounding our economy both domestically and internationally are expected to increase."

Ambassador Choi Joong-kyung (former Minister of Knowledge Economy) and Ambassador Choi Jong-gu (former Chairman of the Financial Services Commission) were appointed this month to help maintain foreign investment momentum and enhance South Korea's economic credibility abroad, with a term of one year.

Acting President Choi requested Ambassador Choi Joong-kyung to serve as a bridge to ensure that the suggestions of foreign investors are reflected in government policies in order to maintain and expand the momentum of foreign investment, which is currently achieving record-high performance.

To Ambassador Choi Jong-gu, he asked, "Taking advantage of the inauguration of the new U.S. administration, please actively explain to the international community the solid fundamentals of the Korean economy and the government's response capabilities through meetings with key figures and Korean economic briefings."

The two ambassadors expressed a strong sense of responsibility as they take on the important role of informing the international community about South Korea's economic situation and policies, and promised to proactively and preemptively advance economic diplomacy activities going forward.